Location, Location, Location: September 2019

Welcome to the September edition of the PFM restaurant and food retail commercial real estate listings. This monthly column gathers in one convenient place spaces available in Portland that could be potential sites for restaurants and food producers/retailers to locate their next business. Finding just the right spot is one of the crucial early challenges in launching a new restaurant, bar, bakery, coffee shop or food retail business and hopefully this new resource will make it a little bit easier.

The listings are organized by neighborhood, and contains square footage, cost, location, background info on prior usage, whether for lease or sale, and a link to the full listing online where you can see all the details. Storefronts that were formerly a restaurant are indicated in the description and those likely already have a hood and grease traps.

Listings that are new or have been updated since last month are flagged with an red asterisks (*).

785 Congress St – a renovated 1,378 sq ft space near Bramhall Square is available for lease at $17.42 per sq ft (MG). It’s located on the same side of the street as Roma Cafe, Quiero and Flood’s. As a West End resident myself I’d love to see a business open in this long vacant space.

953 Congress St – the former Rosanna’s at the corner of Saint John and Congress Streets has remained vacant since the ice cream shop closed at the end of February. My understanding is that Dogfish Bar and Grille owner Ted Arcand is the owner of the building.

101 York St – a 5,249 sq ft sub-dividable space in the new building on the corner of York and High Street is available for $20/sq ft (NNN). The space already has a hood vent and grease traps installed.

Arts District

*11 Brown St – the BRGR Bar location on Brown Street is for lease. The 4,321 turnkey restaurant space is available for $26/sq ft (NNN).

645 Congress St – a 1,200 sq ft former market space is available for $2,500/month (MG).

649 Congress St – This is the former Local Sprouts location. Local Sprouts went out of business in late June. The 3,000 sq ft space is available for $18/sq ft (NNN).

360 Cumberland Ave – this 1,000 – 2,000 sq ft is currently the home of the Cumberland Ave Shop. It’s available for lease at $21/sq ft (NNN).

Bayside

148 Anderson St – this 9,600 sq ft building in East Bayside is located next to Tandem Coffee. The building is divisible with spaces between 2,000 – 9,600 sq ft available for $15-18/sq ft (NNN). The building has a drive-in door and comes with 15-20 parking spaces.

82 Hanover St – there are a number of units available in the redevelopment of this former Department of Public Works building ranging in size from 1,488 to 7,050 sq ft at $16 – 20/sq ft (NNN).

195 Lancaster St – this 3,008 sq ft building is located at the intersection of Lancaster and Elm Streets. It is available for $18/sq ft (NNN).

132 Marginal Way – this 2,300 sq ft space is located across the street from Trader Joe’s. It’s available for $23/sq ft (NNN).

Old Port

1 Commercial St – the original location of Benkay at the corner of Commercial and India Streets is available. The 2,494 sq ft is for lease at $35/sq ft (NNN).

5 Commercial St – the former Rosemont Market at the corner of Commercial and India Streets is available. The 1,914 sq ft is for lease at $35/sq ft (NNN).

100 Commercial St – the 1,53 – 3,759 sq ft space formerly occupied by K Colette is available for lease at $24.75 – 37.50/sq ft (MG). It is located in the Thomas Block building which is also home to Solo Italiano.

266 Commercial St – 6,689 sq ft of new construction retail space will be available for $20-22/sq ft (NNN).

383 Commercial St – 4 street retail spaces will be available (1,631 – 1,971 sq ft) in a new building under construction at the corner of Maple and Commercial Streets.

400 Commercial St – owner Chris DiMillo plans to renovate the first floor of this building into a restaurant space for lease.

75 Market/157 Middle St – Portland Trading Company has moved around the corner to 83 Market Street which will free up their 2,025 sq ft space for $27.95/sq ft (MG). It’s one of 4 spaces available at this address. In total there’s 1,071 – 6,356 sq ft for lease.

1 Monument Square – The owners of 1 Monument Square have a large first floor space available for a restaurant. 4,385 sq ft for lease at $25/sq ft (NNN). You can see some artist sketches of what a restaurant in this spot could look like in the full listing.

2 Portland Square – Walter’s closed May 31st and is for sale. The business and equipment are listed for $250k or just the furniture, fixtures and equipment are available for $175k. The current lease which runs through March 2020 is $24.98/sq ft (NNN).

1 Union Wharf – a 5,608 sq ft space on the first floor of a new building slated for Commercial Street is available for $20.95/sq ft (NNN).

*1569 Forest Ave – a former gas station on outer Forest Ave is available for $1-99/sq ft (NNN). The building is $1,352 sq ft in size.

Other

170 Brighton Ave – the former 7-11 building at the corner of Brighton and Saint John Street is for sale for $550,000. The building is 2,173 sq ft in size and comes with onsite parking spaces.

*559 Brighton Ave – with Rosemont Market centralizing their kitchen, warehouse and office space in one building the retail space in their original building on Brighton is now available for lease, 3,648 sq ft at $12/sq ft (NNN).

90 Congress St – Lolita went out of business on September 2nd. The fixtures are for sale for $275,000 and the lease for 30-seat 877 sq ft restaurant is $2,700 (NNN).

431 Congress St – the Mainely Wraps on Congress Street closed earlier this year. The 1,800 sq ft space is now available for $18/sq ft (MG).

280 Saint John St – 3 spaces are available in the Union Station Plaza. The 4,400, 2,600 and 4,004 sq ft spaces are available for $8/sq ft (NNN), $12/sq ft (NNN) and $14/sq ft (NNN) respectively.

46 Veranda St – the 600 sq ft building that currently is home to the East Deering location of Union Bagel is for sale for $500,000.

75 Washington Ave – a 1,925 sq ft space in the Nissen Bakery building which is also home to Cong Tu Bot, Drifters/Maine & Loire, Maine Mead Works, Oxbow Brewing and Hardshore Distilling. $18/sq ft (NNN). A hood can’t be installed at this address but it can serve as a food retail space.

*98 Washington Ave – the Flying Fox juice bar is going out of business on October 19th and the 625 sq ft space is now available for $1,600/month.

Glossary

MG – Modified Gross which indicates that the operating expenses (taxes, insurance, maintenance, etc.) for the property are included in the lease rate. The tenant would pay its own utilities, which sometimes includes heat.

NNN – Triple Net which indicates that operating expenses are not included in the lease rate, and the tenant will pay them separately. They are often referred to as CAM (Common Area Maintenance) charges and taxes, which are expressed as $/sf. The tenant is also responsible for utilities.

Gross – Gross indicates all expenses including utilities are included in the lease rate. The tenant would be responsible for phone and internet access, as well as interior janitorial.